Eco Tek Pink Sheet Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Eco Tek works best with periods where there are trends or seasonality.

Eco Tek Double Exponential Smoothing Price Forecast For the 1st of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Eco Tek Group on the next trading day is expected to be 0.0002 with a mean absolute deviation of 0.000044, mean absolute percentage error of 0, and the sum of the absolute errors of 0.

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Eco Tek pink sheet data series using in forecasting. Note that when a statistical model is used to represent Eco Tek pink sheet, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. When Eco Tek Group prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Eco Tek Group trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Eco Tek observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Eco Tek

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eco Tek Group. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 0.00 0.0002 33.26 Details

Intrinsic Valuation Low Real High 0.00 0.0002 33.26 Details

Bollinger Band Projection (param) Low Middle High 0.0002 0.0002 0.0002 Details

Other Forecasting Options for Eco Tek

For every potential investor in Eco, whether a beginner or expert, Eco Tek's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eco Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eco. Basic forecasting techniques help filter out the noise by identifying Eco Tek's price trends.

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Eco Tek Group Technical and Predictive Analytics

The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Eco Tek's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Eco Tek's current price.

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